Cryptocurrency can be extremely volatile in the short term, but over the long run, it can be a potentially lucrative investment. Since the beginning of the year, Ethereum’s price has fallen by roughly 50%. But over the past five years, it’s up nearly 500% — despite experiencing several major downturns in that time. By investing now and holding your investments for the long term, you’ll see positive average returns. Some experts believe it could eventually overtake Bitcoin as the most popular crypto. Don’t go into this investment expecting to become a millionaire overnight, and it’s wise to be prepared for more volatility along the way. By weighing the pros and cons of investing in cryptocurrency, it will be easier to decide whether it’s a good fit for your portfolio. . . .
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